The aim of this paper is to examine the economic impact of global
water scarcity on both developed and developing nations. Water, like any other
natural resource, is vital to a nation’s economic growth and existence. Water
scarcity is dynamic and complex, emerging from the combined influences of
climate change, basin-level water resources, and managed systems’ adaptive
capacities. Beyond geophysical stressors and responses, it is critical to also
consider how multi-sector, multi-scale economic teleconnections mitigate or
exacerbate water shortages. Without adequate water supplies, a nation will face
severe economic problems as well as social unrest and political instability.
The current problem many nations face is their dwindling water supply. This
paper will also examine how a lack of clean water will hurt a nation’s economic
growth and its ability to be a viable player in global trade and be able to
provide for its people. This study will also look at the causes of water
scarcity and how the problem can be rectified. Policymakers and government
leaders can act in a clear and decisive manner to improve the infrastructure in
their respective cities, towns, states, and countries, global water scarcity
will only get worse. Improving infrastructure to provide abundant water
is no longer an option, but a vital necessity.
Author(s) Details
Arthur
S. Guarinoa
Department of Finance and Economics, Rutgers University, Newark,
New Jersey, USA.
Please see the book here:- https://doi.org/10.9734/bpi/strufp/v10/1494
No comments:
Post a Comment